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Madison Pacific Properties (TSE:MPC) Reaches New 1-Year High - Here's Why

Madison Pacific Properties logo with Real Estate background

Madison Pacific Properties Inc. (TSE:MPC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$5.50 and last traded at C$5.27, with a volume of 1625 shares changing hands. The stock had previously closed at C$5.08.

Madison Pacific Properties Trading Up 1.5%

The firm has a 50-day simple moving average of C$4.80 and a 200-day simple moving average of C$4.96. The company has a quick ratio of 0.43, a current ratio of 0.18 and a debt-to-equity ratio of 73.53. The stock has a market cap of C$301.40 million, a PE ratio of -7.21 and a beta of 0.36.

Insider Activity at Madison Pacific Properties

In related news, Director Graziano Delucchi bought 6,200 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of C$4.99 per share, with a total value of C$30,938.00. Insiders have acquired a total of 18,700 shares of company stock worth $90,894 in the last 90 days. Company insiders own 75.09% of the company's stock.

About Madison Pacific Properties

(Get Free Report)

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada.

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